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b) A company has an expensive repair that is estimated to cost $12.251 coming due in 11 years. They would like to save for this

b) A company has an expensive repair that is estimated to cost $12.251 coming due in 11 years. They would like to save for this expense by depositing equal amounts each month into an account earning 5.6% compounded monthly. How much would they need to deposit each month in order to save for this bill? Round to 2 decimal places. Show all work, leading to the answer clearly

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